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Apple commits $430B in US investments over five years

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Re: Apple commits $430B in US investments over five years

#41

Post by katbyte »

comeonseriously wrote: post #11
gjsman-1000 wrote: post #6

Earlier quoted context omitted.

If crazy tax schemes are legal, that's the politicians' fault for not fixing them, not Apple's (who has a duty to shareholders to, you know, not pay more taxes than they have to).

Not attacking you, but I'm so tired of this: "...who has a duty to shareholders to, you know, not pay more taxes than they have to..." Let's make shareholders rich. It'll all trickle down from there...

You can’t expect a company (or individual) to not act in their best interests - it’s up to the Goverment to make the law and tax code fair or redistribute wealth

Re: Apple commits $430B in US investments over five years

#42

Post by skrtskrt »

mrweasel wrote: post #34
Daishiman wrote: post #32

Earlier quoted context omitted.

Don't forget 4. doing a good PR so that a Dem-controlled Congress doesn't push for repatriation of corporate cash reserves kept in tax havens.

$430B seems like more than you'd need for a good PR stunt.

It's $0 if you were already going to spend it anyway

Re: Apple commits $430B in US investments over five years

#43

Post by mrweasel »

ksec wrote: post #31

>Apple’s $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend — including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. I dont like how Apple spin this as investment in the headline, when it is clearly contribution . If you buy…

It reads like they're trying to avoid creating jobs in manufacturing directly, but will instead pick US suppliers and potentially let them hire lower skilled workers.

I wouldn't expect this to create that many jobs in manufacturing, it seems more like engineering and creative work, with a promise to prefer US suppliers, assuming they exists.

Re: Apple commits $430B in US investments over five years

#44

Post by gowld »

est31 wrote: post #26
HenryKissinger wrote: post #3

Earlier quoted context omitted.

> Today, Apple supports more than 2.7 million jobs across the country through direct employment, spending with US suppliers and manufacturers, and developer jobs in the thriving iOS app economy. Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone.

I tried to look up this figure, using the following link: https://www.stock-analysis-on.net/NASDAQ/Company/Apple-Inc/A... If I add up the entries of the "federal" line, I get $69 billion for the 5 columns 2020, 2019, 2018, 2017, 2016. Am I doing something wrong here? This is only the federal tax, not even the state tax, which would probably count into "domestic corporate income taxes" too.

What happens if you add/subtract those negative "deferred" lines?

Re: Apple commits $430B in US investments over five years

#45

Post by jacobr1 »

perardi wrote: post #28

Let’s run through the possible reasons Apple announced this, with various degrees of cynicism. 1. Getting some good press before Congress decides to do something in regards to the app store model. 2. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained, and preparing for that future. 3. Apple is reading the winds, seeing that Chinese supply chains may be politically constrained…

4. Apple was planning to do these things anyway as part of normal operations, and is just spinning them as "investment in the country"

Re: Apple commits $430B in US investments over five years

#46

Post by gogopuppygogo »

Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

I’ll wait to see the halo effect of high paying tech jobs in a community.

Any community with half a functioning government should give tax breaks to get these kinds of jobs from such a reputable company.

Re: Apple commits $430B in US investments over five years

#48

Post by JumpCrisscross »

ksec wrote: post #31

>Apple’s $430 billion in contributions to the US economy include direct spend with American suppliers, data center investments, capital expenditures in the US, and other domestic spend — including dozens of Apple TV+ productions across 20 states, creating thousands of jobs and supporting the creative industry. I dont like how Apple spin this as investment in the headline, when it is clearly contribution . If you buy…

> If you buy something at Walmart, or any of your daily needs, is that an investment in US?

If a company opens an office overseas and hires people, we call it foreign direct investment. Using the same math for domestic investment seems alright. It's money being pumped into the local economy, after all.

Re: Apple commits $430B in US investments over five years

#50

Post by delfinom »

gogopuppygogo wrote: post #46
Traster wrote: post #33

I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.

I’ll wait to see the halo effect of high paying tech jobs in a community. Any community with half a functioning government should give tax breaks to get these kinds of jobs from such a reputable company.

>I’ll wait to see the halo effect of high paying tech jobs in a community.

Increased homelessness from rapid gentrification

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